Monthly Pivots
AUDCAD will price respect resistance Again? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
USDCAD sell from monthly highThe price is near a monthly high, looking to take at least 100 pip TP for short on this.
AUDCAD Might Attempt To Tackle 0.92000 Level!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
AudUsd Rate from 0.6766 Support Level & New Low 18/11/2019 AudUsd Rate : Newly Formed Support Level is allocated at 0.6766
With a view that Pricing Structure will form Higher from this Level.
Expected Targets Higher include 0.0717 & 0.7154
As always stop-loss placement is allocated just below the Support Level mentioned at 0.6766
This will consist of the Last Market Call against this Rate AudUsd Pair - I find that when adding to many Pairs to Evaluation Time -
I need to sit for longer periods of time in front of my computer screen - and so will you.
Therefore I will reduce the Rates to only 4 Currency Pair`s that i will evaluate against -
Saving all of us - More time to ourselves and better time spend within Analysing and Exchanging Contracts towards
Good Outcomes.
As of Fridays Close 15/11/2019 New Resistance & Support levels mentioned
15/11/2019 EurUsd Rate – New Support Level on the h1 chart at 1.0983
As of 1.1054 high - There is some expected Consolidation Phase to take place towards 1.1034 at Support Level 1.1027 low -
I suggest that at this Level - The Rate will be travelling within An Uptrend Direction - Higher Levels - Are allocated at 1.1337 with additional placement added higher at 1.1438 –
15/11/2019 Gold Rate A Continuation Swing high In Progress Support Level established at 1445 & Current Level 1461 - Target High as 1477 – cancelling out 1492 – 1496 as highs
15/11/2019 WtiOilUsd Pair currently at swing low phase target 47.97 - from maximum high at 58.25 Maximum Resistance Level
15/11/2019 GbpUsd Rate or the Cable Rate at 1.2915 should cover the present inside bar swing high phase -
As A Higher Low trend - Expected Outcome is Price should add Consolidation Trend towards 1.2359 at 61% percent h1 bar low.
Forexcandles : Simplifying the trading experience as so investors and traders can understand and learn the faster way –
Achieving Mastery within this area the Fx Markets.
Involves finding Resistance & Support levels at a Secure Level : Through Live Trading Calls and some Practical Theory must be the shorter term way towards learning about the Fx Market Rates.
I give you the opportunity to Track & Monitor against 4 Currency Pairs : By finding the Future Market Rates towards Price Settlement as in Live Trading Calls at the Global Market Rate Pairs towards Tested & Proven Outcomes.
EurUsd Rate at 1.1060 EurUsd Rate at Spot Price 1.1060 the Rate is best advise as Waiting to See pending further Outcome. I would apply my Pricing Range towards the Lower End of the Chart - But this is Forex Market so best to wait for A Confirmed Breakout to either of the Price Range Channels so Up or Down still remains the Present Formula for the now and immediate Future.
Dollar index - monthly updateHey everyone!
Wanted to post an update on DXY after 7 months since my last update.
Not much changed since then, I'll attach the chart from March.
Plenty of momentum left as we slowly climb towards 103-104 mark.
*Note that precious metals might strengthen with dollar at the same time.. It's abnormal - tide is shifting and flood could come soon after.
*Consider the fact that before biggest financial disasters - dollar was at the peak.
GbpUsd Rate Pair at 1.2950 Target Reached16/10/2019 Cable Update Current High Mark 1.2950 with over bought valve added-in taking the Present Rate to 1.2990 at Resistance Level & New Term High I consider that this is where the Reversal Bar will come into play whilst Nearest or Next Target applied level will be Lower and is set at 61% Retrace Lower towards 1.2379 at Support Level
So go for it - its Cash Dollars in the bank the fastest way. Will you be among the ones experiencing this profitable Growth Area.
All strategies referred to by my-self incorporate the Fibonacci Extension Methodology from over on the monthly chart cycles.
I watch for these outcomes as to validate weather the Markets are Regulated to these Values so allowing for plenty of time whilst the Indexes are trending is very essential and will play out key towards finding the right or desired outcome to the Currency Rate Pairs under evaluation.
There`s always something happening with- in the Markets - but I need first to Watch before making A Secure Decision to Enter the Market - Just in case Price decides to Pull-Back at the moment on entry within the Trending Cycles.
That`s how I Monitor the Indexes before Publishing the Forecasts onto TradingView by finding the Reversal Bars where Price will Stall and Reverse most accurately - Where Price will Stall and Turn About which provides for A Directional Trending Cycle Winners within the current monthly chart cycle or Daily Bar Range as Price Fluctuates.
A Cable Rate Update at 1.2700 HighGbpUsd Rate at 1.2700 High looks like trending slightly lower at the moment - I advise a set target at 1.2450 Support Level with A view towards the Rate gaining Uptrend Monument towards A Close bar Rate at 1.2950 - the Comment may have been added twice purely not intentional.
BTC move for month endMonth end, perhaps price will wick up 9000-9720 for the close, bouncing back down off an MA or fib.
If it dips there isn't much to bounce up from for a while except awaiting long orders.
TP 7600 for short, if this happens I will look to short a bounce unless price looks set to break 10k
Either way I wouldn't enter here, short 8500-8900 or long 7800 and below
XRP Monthly approaching 0.17-0.20$Hi everybody. Here's simple and super clear chart of XRP price action.
Break of 0.26$ would open a way for 0.165-0.20 range. Keep in mind that reaching 0.18$ would repeat historical % drop from the top.
Also interesting point: Etherium and Bitcoin did retrace by historical percentages already and IMO not going lower than 2018 bottoms, while XRP is lagging behind and opens up a PERFECT OPPORTUNITY to invest if somebody believes in XRP and whole RIPPLE project. Also XRP/BTC is bottoming out very soon too.
I also checked possible time for XRP to reach 0.17$, that would bring us to the beginning of November, then we should start seeing a shift in trend.
0.165 should be DEAD BOTTOM with spikes lower on MONTHLY.
***This is the update and slight correction of previous idea on XRP, check out the link.
**This is not financial advise!
Have a great weekend my friends.
BITSTAMP:XRPUSD
#bitcoin - Hitting 1st potential lowAfter Bitcoin finally decided to go for the green scenario and broke down, it is just now hitting the first bigger support. It´s a combination of the Monthly Pivot & a Channel-Support, also Bitcoin is quite oversold.
Watch the levels, shorters might want to think about securing their positions nicely, two ways to go from here and don´t forget not letting winning trades run is as bad as not taking profits, when there is a good spot to do so. In case it goes further you will maybe miss a couple of % and think "I knew it", you know yourself that's subjective and not appropriate.
Targets & Supports remain the same.
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Warm regards,
Neru
Gold looks bullish with high volatility in AugustGold broke important 1420$ level on monthly chart. If XAU/USD can sustain the gains and even close above 1500$ in August, then we might have couple of months in 1530-1500 range with possible spikes to 1579$. We are literally sitting and that crucial 1495-1500$ zone on weekly, which I believe is bullish.
Failure to close above 1500$ on monthly would signal a re-test of 1420$ zone.
It's going to be VERY VOLATILE month UNTIL and IF we close above 1500$
Be cautious!
#bitcoin - "H6" falls below Monthly PivotOvernight the A&E could not break out. At this big resistance, it seems fairly normal, that people started to take some profits. The big question is now, do those swap to open short-positions? So far, we simply don´t know. The first drop got us below the Monthly Pivot and stopped at the SMA200. The A&E has not failed yet. A little sideways between P-M and R1-W would be ok and possible if building a top horizontal as breakout-zone. Price levels stay where they are, nothing changed.
Monthly Pivot is key now. This needs volume on a break-attempt or it will likely fail.
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Warm regards,
Neru
Camarillas pivots from start to last day montly candles BTC USDThe Camarilla pivots, are based on highest , lowest prices, and open & close price of market.
In this case, btc, Lowest price( 2.00) and highest price(20000.00) of geral charts of prices btc, and closing & opening, im baseading in last month, JUNE, that are>>> Open=>> 7490.00 Close=>> 6380.00 (monthly candles) with resultings, in black lines support, resistances , represents camarilla on charts tv!
The suports and resistances on Black lines, are marked with simbols;
resistances>> R4 R3 R2 R1,
and suport simbols>>> S1 S2 S3 S4.
with this parameters>>> High=> 20.000.00 Low=> 2.00 Close=>7380 Open=>7490;
and the result of math calcules camarilla are:=>>>
R1=> 18.378.90 R2=> 12.879.45 R3=> 11.046.30 R4=> 9.213.15
S1=> 5.546.85 S2=> 3.713.45 S3=> 1880.50 S4=> -3.618.90>>>( S4 has a problem, but i substitute himm for >>> FAKE S4* IS>>TRUST RESULT FOR S4>>> (S4= -3618.90) X (R4=18378.90) =*** 66.511***)
NOW IS A GOOD TIME TO ENTERGBPUSD 4H Descending Trendline Breakout
Take Profit at Monthly Pivot
Watch Macd Blue line cross over and stay above 0 level line
Will the USDCAD turn down towards its monthly pivot?USDCAD 4H chart:
Price is retesting the 14 EMA-line and will be interesting to stay tuned. or price moves up again, or will break the 14 EMA down.
If it breaks the trendline it will fall down with the intention to mark the monthly pivot.
TP is monthly pivot of October at 1.235
Will soon be the JPY stronger than the USD?USDJPY 4H chart
Price is below 14 EMA, so we observe downtrend in price action. In this case by breaking the trendline below, we can see price movement towards the monthly pivot of October.
There is even a missed weekly pivot at 110.090 for second TP
But be careful. The daily chart is above the 14 EMA and needs to cross to reach the monthly pivot.
Looking for monthly pivot of OctoberEURGBP 4H chart:
Price crossed the 14 EMA-line and is now doing a retest.
We can choose either for waiting to cross the trendline before entering a buy or placing a buy-stop above the first full candle above the 14 EMA.
TP is monthly pivot of October at 0.893
Be carefull, the daily chart is still in a downtrend.
Still a missed pivot to hitStill waiting on a BOOM up
A monthly pivot can be a very strong magnet when it appears as missed during it´s period
Wait for a candle above the 14 EMA.
Because of these high speed movements, maybe see the 4 hours chart also to get in at a good place.
